Unity Software Inc (NYSE:U)’s traded shares stood at 1.26 million during the latest session, with the company’s beta value hitting 2.28. At the last check today, the stock’s price was $20.76, to imply an increase of 2.52% or $0.51 in intraday trading. The U share’s 52-week high remains $43.54, putting it -109.73% down since that peak but still an impressive 33.04% since price per share fell to its 52-week low of $13.90. The company has a valuation of $8.24B, with an average of 7.43 million shares in intraday trading volume over the past 10 days and average of 12.26 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Unity Software Inc (U), translating to a mean rating of 2.38. Of 21 analyst(s) looking at the stock, 3 analyst(s) give U a Sell rating. 1 of those analysts rate the stock as Overweight while 10 advise Hold as 7 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.36.
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Unity Software Inc (NYSE:U) trade information
After registering a 2.52% upside in the latest session, Unity Software Inc (U) has traded red over the past five days. The 5-day price performance for the stock is -2.40%, and -5.16% over 30 days. With these gigs, the year-to-date price performance is -49.23%. Short interest in Unity Software Inc (NYSE:U) saw shorts transact 29.71 million shares and set a 1.63 days time to cover.
The extremes give us $15 and $180 for target low and target high price respectively. As such, U has been trading -767.05% off suggested target high and 27.75% from its likely low.
Unity Software Inc (U) estimates and forecasts
Looking at statistics comparing Unity Software Inc share performance against respective industry, we note that the company has underperformed competitors. Unity Software Inc (U) shares are -10.98% down over the last 6 months, with its year-to-date growth rate lower than industry average at -553.66% against 18.70%. Revenue is forecast to shrink -12.50% this quarter before jumping 40.90% for the next one. The rating firms project that company’s revenue will shrink -19.30% compared to the previous financial year.
Revenue forecast for the current quarter as set by 17 analysts is 429.44M. Meanwhile, for the current quarter, a total of 17 analyst(s) estimate revenue growth to 427.8M.Earnings reports from the last fiscal year show that sales brought in 553.71M and 609.27M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -22.40% before dropping -29.80% in the following quarter.
U Dividends
Unity Software Inc has its next earnings report out on 2024-Nov-07. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Unity Software Inc (NYSE:U)’s Major holders
Unity Software Inc insiders hold 10.69% of total outstanding shares, with institutional holders owning 73.04% of the shares at 81.77% float percentage. In total, 73.04% institutions holds shares in the company, led by SILVER LAKE GROUP, L.L.C. As of 2024-06-30, the company held over 34.74 million shares (or 8.9721% of shares), all amounting to roughly $564.8 million.
The next major institution holding the largest number of shares is SC US (TTGP), LTD. with 32.25 million shares, or about 8.3301% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $524.39 million.
We also have Growth Fund Of America Inc and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Unity Software Inc (U) shares. Going by data provided on Sep 30, 2024, Growth Fund Of America Inc holds roughly 17.84 shares. This is just over 4.50% of the total shares, with a market valuation of $373.08 million. Data from the same date shows that the other fund manager holds a little less at 8.76, or 2.21% of the shares, all valued at about 183.19 million.
